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HARARE – Finance Minister Mthuli Ncube on Wednesday addressed concerns regarding companies delisting from the Zimbabwe Stock Exchange (ZSE) to join the Victoria Falls Stock Exchange (VFEX). Ncube was responding to Zanu-PF legislator Clemence Chiduwa, who had raised the question in Parliament, highlighting the “cannibalism” of the ZSE by the VFEX.
HARARE – A motion that was tabled in Parliament which seeks to amend the Deposit Protection Act (DPA) in order to strengthen protections for ordinary savers in the event of bank closures or liquidations has received tremendous support from legislators.
Government has admitted that local banks are charging exorbitant charges but it does not have the power to introduce and cap the charges and protect the ordinary citizens of Zimbabwe.
Retailers and wholesalers who refuse to accept bond notes and coins risk losing their trading licences, Finance and Economic Development Deputy Minister Clemence Chiduwa has said.
Zimbabwe will force importers to declare sources of foreign currency and those who fail to prove they obtained the money from banks will forfeit their goods to the state, a government official said on Friday.